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Soybean Meal Jul '18 (ZMN18)

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Wed Apr 25, 12:06PM CDT
Soybean futures are currently showing gains of 6 to 8 cents on Wednesday, with strong gains in meal. Soy meal is $5.60/ton higher, with front month soy oil down 23 points. Ahead of Thursday’s USDA Export Sales report, analysts are expecting to see old crop soybean sales in the range of 400,000-700,000 MT. New crop is seen as having the same range. Sales of soy meal are projected at 100,000-30,000 MT, with soy oil at 8,000-30,000 MT. The USDA Ag Attach expects the Brazilian soybean crop at 115 MMT for 2018/19, even with the current 17/18 projection. May 18 Soybeans are at $10.30, up 7 3/4 cents,Jul 18 Soybeans are at $10.41 3/4, up 7 3/4 cents,Aug 18 Soybeans are at $10.43 1/2, up 7 1/2 cents,Sep 18 Soybeans are at $10.38 1/4, up 6 1/2 cents,May 18 Soybean Meal is at $377.70, up $5.60May 18 Soybean Oil is at $30.78, down $0.23
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